Cryptocurrency News

FTX founder Sam Bankman-Fried arrested and in custody

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Sam Bankman-Fried, the former CEO of the cryptocurrency exchange has been arrested and taken into custody by authorities in The Bahamas.

According to a letter from the Office of the Attorney General on Dec. 12, Bankman-Fried was arrested by The Royal Bahamas Police Force following formal notification from the United States that it has filed criminal charges against SBF.

Prime Minister Philip Davis said in a statement both countries have “a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law.”

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This is a developing story and more information will be added as it becomes available.

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